As if there weren’t enough crises to worry about in the world already, from shooting rampages to accelerating species loss, the US and NATO continue to ‘poke the bear’ and risk an outbreak of war with Russia.
A cornered bear will ultimately use its claws…

hyperinflation

Is NOW the time to flee the US??

They’re slaughtering one another in the streets right now in Venezuela. For the average “middle class” person in Venezuela — educated and still holding on to a good job — he needs two years of wages to buy a single plane ticket in his own currency. He needs to work for two full years to buy one single plane ticket – he’s stuck there. The problem is that he waited too long to leave. You have to know when to leave…

FarageAs Chris Martenson notes, you can’t PRINT your way to prosperity- the Central Banks tried that.
Now we stand on the precipice of complete economic failure, about which Chris says, “I don’t know how anybody can avoid it at this point…. this has been the best FAKE recovery money can buy.”

Jamie DimonCommodites, oil, and equities printed swing lows this week, and bonds printed a swing high.  Its all a pretty orderly transition back to “risk on.”   In spite of this, PM did not do particularly well; gold’s rise still looks like a safe haven move, and silver remains chopping sideways with occasional large spikes both up and down.
The gold/silver ratio was mostly unchanged, rising +0.07 to 78.33. 
COT remains bullish for gold, and somewhat bullish for silver.  My sense is, the spikes up and down in silver are calculated to hose managed money, running stops in both directions while the price more or less chops sideways.
Seems like the answer could be to buy the dips and sell the rallies, at least short term anyways.

 

Phonlamai Photo/Shutterstock

Here’s Chris Martenson’s mammoth annual report on the fundamental reasons for owning gold. The plethora of systemic risks that make gold a wise investment continue to expand, as does the shocking imbalance between increasing demand and tightening supply. We are approaching a moment in the great transfer of wealth where the dividing line between safety and ruin may quite simply come down to this one question: Do you personally hold physical gold?

crashI suspect in the next year or two we will see some kind of major, major problems in the world financial markets.
I would suspect when we have this correction, it’s going to cause central banks to panic… they will print and spend and borrow, but there comes a time when people are just going to say ‘We don’t want to play this game anymore’. And at that point, the world has serious, serious problems because there’s nothing to rescue us.
I suspect the next economic/financial collapse will be the one they can’t deal with.